Will MON Go Down and Lose All Its Value?

Monad’s early launch created a noticeable buzz across the crypto market, especially after its native token MON rallied more than 80% and reached a new high of 0.048.

The excitement surrounding a new Layer 1 blockchain often sparks curiosity, but it can also trigger warnings from cautious analysts.

That is what happened when Arthur Hayes suggested that MON could lose up to 99% of its value.

His comments have pushed many investors to question whether MON is simply experiencing early hype or facing deeper issues that could limit its long term value.

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Key Takeaways

1. MON surged after launch but has already dropped more than 40% from its peak.

2. Arthur Hayes believes Monad has no strong use case to support its early growth.

3. The risk of a steep correction depends on whether the project can build real adoption.

Will MON Go Down and Lose All Its Value?

The main reason this question is gaining attention is the sharp contrast between MON’s early excitement and the skepticism voiced by industry veterans.

Hayes argues that Monad is another example of a high valuation project without enough practical use to support its price. His view is shaped by a pattern he believes is common across new Layer 1 networks.

Why Hayes Is Concerned

In an interview with Altcoin Daily, Hayes stated that new L1 blockchains outside Ethereum and Solana tend to follow the same cycle.

They launch, attract early interest, receive a strong pump and then decline once the excitement fades.

He compared Monad to Berachain, another project that reached a high valuation early but later dropped by nearly 94% from its peak. For Hayes, the lack of immediate real world use makes MON vulnerable to the same outcome.

Current Market Reaction

MON’s recent drop to around $0.0285 shows that the market is already cooling off after the launch.

While this is common for new tokens, it also reinforces concerns that MON may struggle if adoption does not grow quickly.

Whether this decline continues depends on how fast the project can show meaningful progress, developer activity or applications that rely on its network.

Read Also: Monad Gains Traction as High-Speed Layer-1 Contender

Does Monad Have Enough Use Case to Survive Long Term?

The biggest disagreement revolves around whether Monad can build genuine utility. Hayes believes that MON’s early growth came from excitement over a new Layer 1 rather than concrete demand.

Many investors still want to find the next Ethereum, which fuels speculation around new blockchains.

Understanding Hayes’ Argument

Hayes explained that early pumps come from fear of missing out rather than real activity. Without a clear use case or strong applications built on top of Monad, he sees the token as unlikely to hold its early value.

His list of top protocols includes Bitcoin, Ethereum, Solana, ZCash and Ethena, leaving Monad out entirely.

What Monad Must Prove

To counter this criticism, Monad would need to show that it can attract developers, users and real projects.

Key signs that could support long term value include:

• A growing number of applications building on the network

• Clear improvements in transaction performance

• Partnerships or integrations that bring activity to the chain

Until these appear, MON remains in a fragile position.

Read Also: Things You Can Do on Monad Mainnet: A Complete List

If Not New Layer 1s, What Will Lead the Next Trend?

Hayes believes that investors should look beyond new Layer 1 blockchains and focus on emerging narratives with stronger foundations.

He suggests that privacy coins and technologies with deeper technical value are likely to gain more attention in the coming years.

Narratives Hayes Thinks Will Dominate

His predictions include:

• Greater adoption of privacy focused coins like ZCash and Monero

• Growth in zero knowledge proof technologies

• Increased importance of quantum resistant systems

These areas focus on solving long term security and privacy problems, which Hayes considers more meaningful than launching new L1s with similar structures and limited differentiation.

Read Also: Should You Buy MON Now? A Complete Monad Price Analysis and Airdrop Overview

Conclusion

MON’s future depends on how quickly Monad can demonstrate real demand and practical value.

Early price jumps are common for new blockchains, but they can fade just as quickly when the excitement slows down.

Hayes’ prediction of a possible 99% drop highlights the risk that MON faces if it cannot develop a stronger ecosystem.

Still, no outcome is certain, and the project’s next steps will play a major role in shaping MON’s long term value.

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FAQ

Why did MON rise so quickly after launch?

The early surge came from excitement around Monad’s debut and interest in new Layer 1 projects.

Why does Arthur Hayes think MON could crash?

He believes MON lacks a strong use case and follows a pattern of early hype followed by sharp corrections.

Has MON already started declining?

Yes, its price has dropped more than 40% from its peak shortly after launch.

Can Monad still succeed long term?

It can, but it needs real developer activity, adoption and practical use cases to support future growth.

What other crypto trends should investors watch?

Privacy focused coins, zero knowledge proof systems and quantum resistant technologies.

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